2024-03-31-accounts

Charity 307846 (Euglud and ￿￿e5) TIIE SIaNN￿. SCEOOL FoiifrfDATION TRirsrFEgS REPORT AIqD ACCOtJNr8

THE SKlh'liERS' SCIIOOL FOUIYDATION CONTENTS Pagt RLPOrt of thL TTr￿¢ 1ndl￿nd¢ll1 Audilor s r¢port to thc tntstLX" Statcmcnl of financial acliiitscs Balw)¢¥- 5hcct sI￿LMent of Caslifloii's iu Notcs to th¥ financial statcm¥nts

THE siahThTRS' SCHOOL FOUNDATION REPORT OFTHE TRusfEE FOR THEYEAR ENDED 31 MAR(X2024 IntrodurtEoa The SkIllu￿5. Sclkool Foundation is re as a ctharity ths 307846. It estsblishol in l880 (then known 8s The Skinners. Company's sCh￿D aod had respo￿ for the Skinnas. School until the earty 19205. Th¢ Scbool (now an Acadcmy) 15 a se body under the ￿ntrol of ovm gov¢rnors. This (￿arity bolds the Acad¢rny's ethwa)¢llt and nK￿ of its12nd and buadi Cb2rity c0llllnissi￿ (uodtr th¢ sllme number AS the par#rt chariiy) aTuI The SkiztDer5' Kcnt Athy Fund. ROferen￿ in this (kjcument ID *hc School" aTe to the Acaduuy. and fjot ts this Chabity. Th¢ addrcss ofthe Charity is Skllwers. Flall. S Dowtye ]￿lE JA)nd(MK EC4R 2SP. Collstitstioti & obJeets dakd l9 May 1910. S Novorukn IY21 aod 7 ju￿ 1931 Tr obiert of the Cknity is the advaDcancnt of edueation ty. b) the provisioft of xbolmhips aod ￿1Ze5 The Worthipfid Compafty of Skiftw 15 the s)le Faeh member of the Colrt orth¢ Trustre is selttfed with a view to rrtaining a Jxcyd 4x¢trum of cxtKrtife aDd r<tiVCS ZD iTrkntion into thc rG%ponsilJilities of Awt from Southfields Pth Pkn)ryng w￿d5 lh6 CafEtsknrfs Iw whic& transferrryj fium th¢ IEA the Sthool l Apnl 1991 th¢ scb(x)I Ixulditiy 2nd land arB by the Skirnxy¥ CoDipany as Tnth for tbt not avallabl

THE SKINNERS? SCHOOLFOUNDATION REPORT 0FTllETRU￿EE (fAJnliDv¢d) FOR THE YL4R ETIDED 31 h£AR(￿ 2024 IDa#trofthc skin￿5. ComEw. This gift ￿ f(r capitil or wr￿S atThe SkiDll¢r< SGh￿L Unrestricted funds {wdesiRTraled) Charitabk Adiviti¢s 53.933 20.446 74J79 54914 15.182 70.096 lTrcome fiDm" Voluntsry incom¢ Investmellt inccme . DiYideDds 67500 13J53 15270 10.590 (DBfiGitysurplus b¢for¢ traosfos (48519) 10.953 {48S19) 10953 rEpyablc inte￿t £￿e ovcr14 yw5 a5 sTrrn in note 13. DesiEuate<l funds are nuintsined a( a level equal trj th¢ 51Yrt This tefiects the thatthe fimds by tb05e awts are notaThlable for dis￿￿£10 ADY min(r Apithl projccts m¢t from thc fibxled Scknol Condition AlloAtion which posses throuEb thc F(XD)datioll aod immediatoty ryj fo the Arade4YiaS.

THE SKtNNERS' SCHOOL FOUPIDATION REPORT OF THE TrusfEE (Cootitiu￿) FOR ThE YEAR ENDED 31 MARCH 2024 The SkiDoeKS' Aca&my is the leal SPODsor to the SkiThn¢rs' K￿t A¢adw, which IyeDed io S¢ptemkr 2009. The Acathy 15 committed to the 2￿] g0vtsllaD￿ of the SKK indudinE the provigioa ofth¢ majority of tho GOverrt0￿ and to D5ing its besl tsdMv0u￿ to bulld up a fimd the benefit of of thc Ko ACadC￿y. Thr FOund￿lon is awtsng Iho Aodcw in fulfillll￿ its rnle as lead sponw of tlR SICA. The Skinn￿. K¢nt Academy h&5 besxqne a Mulii Trtssr (MAT) haviDg takea on Sktnntss Kont Primnry SchooL The B0￿d of Trusltts now sil ¢•ver blrth SRA and SKPS with local Quvmiins B(Kliré actiog al Cach Endor4mQQt fand £65,000 of part of th¢ school land kooThm as tn Marth 1973: Ihc sale of the balan￿ of that lond ' May 1976 zralised Q7.000. The fimd is now &s thown in notc 10 and the in0)n￿ e•med is tratcd Ss accrning to the fiJDd4 as shoThryi in the Stateme&t of Activitie& Avabi bli ity otwets Iky adeqoate to fi]Ifd the relevaDt obli8atioo& Reserycs poli thcTrfoFe no intCDtion ID hold nsetv& From time to time may be acc¥llnulalcd. but this irfl gcncrxlty be ts fund a major ii¢m of eXp￿dIf￿￿ ￿ as 2 nclv bllildin& Then Wds defKit at 31 March 2024 of £25.039 whieb will be re￿￿ed in 2(r2425 by the recapt of iDvc5tmcnt 1￿Me. The fjeno3l Ptizc Fulld alx) Pllb￿C benefit pobtishcd by the (Jwity Commissio TnL%LeeTs respo￿n￿lItieS Tr law applic2blè to Charities in & Wak5 tcqllir￿ the truske to pw fioan¢ial swements for ¢￿h fAuau¢iDI whicli slv¢ a uue aod fair viTh of the 61ate of affairs of the chJrity and ofthe incominE TESOUr￿ and applicatsoll of res(xllEtt of the charity f(K that perio(L In FIrpari￿ thcse fllwiciol st8£emEn the TTUStee b requI￿d t￿. 5clect suitsble accounting ]x)lieics and 1ben ¥pty thr￿ COOSiStw￿￿ observe the methods and ￿][KIp￿% LD the Clwilies SORP: makeiudg*n¢nts and Éltimates that ￿ reasollable and pn diselosed aod explained in the fmancial 5tatemenL%

li THE sKINN￿j SCHOOL FOUNDATION 41 Thr Tnfflec is rwThlc for kttpinE PTopcr acco￿ting Tecords th3t dI￿k6￿ with reLSYJDable accur2cy 8t any timc dic 5Ksilion of the Cknity 2nd enable tkn to that the fm2nei21 ￿tements ￿mplY with th¢ Charitifs Act 201 l. the Clarity (Accounts End Ryjrts) Regulations 2008 and the provi4i00s of the tru51 de￿ They are also for ￿reg￿thIng thc &wts of the chty aNI hencx for tsktng reasoDabk CILY Office EC2R 81A Solicits￿5 Fjrnx & Co Iljl 06 Lincoln's tnll Fields Lotmlon WC2A3UI Ind4xndcot Anditor Saffcry LLP 71 Qllc￿ Vid(Kia St EC4V 4BE Marth Brokus Limit¢d 1-5 Perrym(￿llt Ro 111 SUS￿ R1116 3DY Apprtjved by theTrustro on 12 Dttunbgr 2024 d s£wd oll its beknlf by

Opinio• We hve alldited the fiD2ncial ststanents of SkillDers' Sebool FLYjn&li￿ fv the year ended 31 Nfarch 2024 whicb comprise the St8tement of F￿￿￿1￿1 A&1Vits￿ the Balancc Shrt the C&sh Flow StalEmcnt and notes to tbe fmallcial iDcludiDg significllllt accountiug polici￿ The fioatKial rep)rfing frameivork tlHt has bets applied iti tkir EryWatioD is App￿1¢ and Uoited KIn8d0￿ Ac£ounttos Standard4 includiD8 FiDaDoal Reportills StsDdard ILTr4 the ErMa￿la1 Reporti￿ Standard applicablc ID the UK and Re￿blIC of vv a true Jnd falr view ofthc ststB ofthe th￿Ity'S affairs as at 31 Marth 2024 and of its incomiDE resourees and applicztioll of resourr￿ for the yarthea Wo cond￿1￿1 our audit An thx0rd￿ wlth trtrzDarioaJl sts0d￿$ on Audiling (UK) (ISA3 (UK)) and apPli￿ble law. Our resp)nl•ilit1￿ under thosE stsndarth fithher deseribcd in the Auditorfs spoLsiThIlTtibS for the wjdit of the fi￿1￿claI se￿10￿ of our w We arB IDdep>KIe￿ of the thc UK includin8 thc FRC'S EthiLaL Standrf and we have fulfflkd other ethical rcsponslbilities aCc(xd￿ with th&se requir¢rneut& We Ix11￿E that tha audit evide￿￿ we have obtsined is 5ufficieot Jnd 8ppIDpriatE io ptDvide a E•sis r￿O￿T Dpill Cont1￿th￿ relAtlne to golng coneern conditions thaL individW or LX)Ikctivcty. may cast significant d(￿bt on the charity's ability tD fA)ntinue as a goinTr concern for a p￿1 of 8t ka mooths fr(xn when the finaneiaI ststements are ￿thOri￿ for r¢l¢Yant S¢thD5 Qf this lE￿IL opitEiOll on the finao¢ial 5tstEments docs not covw the other lo the ￿ent Oiberwisc Jlicitty stoled in our rw¢ we do llot wxess ajry fomi of cooclusion theteuL Our responsibility is to read tL othff infOrn￿On in doing 4 Mn5xkr wbcther the othtr Ithr[￿On is ￿￿terS￿l1Y 15Statement4 we are requirEd to deterniine vth¢Xhcr this g[V￿ rise to a Aiaterial rniRElstemenl in the finuncial slaiemcnts thansetvcs. 1£ baxd on the worfK we haYG pcrfotm& TK ¢(4￿luth that tkete is a nutrrs

THE SI<]NN￿? SCHOOL FOUNDATION We have nothillg to Feport in this MAtters on we arc reqwired lo repNt by cxeeptio Wc havB to report in re4%rt of tbe following matters in Trlation w which the awities (A(zouDts and Respouslbaities aftroste As w)la(ned ll￿re fully in Ihe Tfi￿. R￿7)11111&S ouc on PASC 3. the trustEes arc %ible fer the preparation ofthe fina0ci￿ slate￿cllts and ftt Ixing satisfi￿ that they sive a truo artd fair Vi￿. End for such iniernal c4>0tYul as the In￿￿￿$ d¢t¢rmioc is Dcce5W to %wble thc prepar￿￿ af finoncial In preparing the f￿￿)e1a1 statrEnent& thc truslx5 are responble for ass￿11￿ the charitys abaity to conttnue as a goin8 I￿nCen￿ disc105in& a5 applithl4 r¢latcd to soins concern and Using the 8OIU8 COJ]cem b89is of xccounling uJJks5 thc In￿¢£$ eithcr int￿j to liquidate th¢ cjwity w to CC￿ opwation4 or ha￿ no listi¢ alternativ¢ but io do so. Auditors. Tq)DA￿bllltsts for the Audit ofthe statements from Mat￿laY mi5slaiEmrt wheth￿ thic to fraud or error. and to issue an quditixs. ryort that includes our opinioo Re￿Trable assmnrn is a hi8h ]evel of 8Syuan￿ but i% not a tsthrantee tlllt an ￿dit conducted in awdao(% with ISAS (UK) will a]wa)s d￿¢¢[ a Ma￿la1 D)issTrW￿ when it )KtsstawnenLS cao arl5e fraud cr aror and are coLsidered malerial 1£ individually or io the they could I￿ollablY be ariti4 including ftllu￿ acc Insta￿ of aoo-c¢ynplianc¢ with la￿$ a￿1 regul￿. We dcsizn irttguiantie4 inc]￿ling fr41MI. The fir thi5 uJsa8ell)e￿ ottd the C￿ent ro ￿Phie￿ these are capable of dete¢tiDg illegultrits4 illcludins fraud we detri￿1 below. Idtntfvl ig thTdasS&￿Ingrts￿s relatalio Ir￿￿ar￿1￿." 4T4 WE a￿ssed the su8ceptsNity of tr cbaritfs fjnallci81 thtoncnts to malcrial mi￿at￿mI and Thow fi7ud miBkn oceur. includin8 thffJuEb diswssions with tIR Inw dis3J55i(w within our audit tcam pltiDniU rneetin& uylatiDg our rcwtd of inieolll carttob and ettsuting the￿ collttDLs oprthl as in¢vnd¢d We identificd Jaws aud rcEulatiuns tI￿l are of sigDificallc¢ ill tho of th• ¢hw by dis￿16￿$ With tnLSi*S 8nd updatillg our und￿S18￿d￿g ofthe S￿Ir ill thc ch￿lty 0￿.

AUDrroRS REPORT TO THE TRiJsfEE FOR THE YEARENDED 31 MARCH 2024 LLw5 and rei005 of si8oifi¢w iu thc context of the thity ittclth thc CIWIti￿ Act 2011. thc En￿alla and Wak relaled fin8n¢ial ststctheut lteD￿ iucIDdin8 2 mI￿V of rmanc1￿ StA￿ent Wo ￿vieWed tha auth()rities trj identify potential Mat￿la1 misstalEmenrs &iSll￿ We di￿u￿ the ¢barit￿3 policies and complian( DuriD8 thc planning meetin8 with the audit tw the went Pats drcw attention tD the key areas Thtsicb might Invol￿ aon-eoqnpliance ￿ laws and reDd2ti00s cr frau(L Wc cnquircd of managemeat wh￿￿er they weze aware of any of noJFwliance with lrnE aud rwlatiolls or knowl￿ g¢ of any cr alleged frdud. We add￿ed the ri￿ of fralld th1[￿gh management oveayide of controls by t&4tin8 th¢ appropriateoess of JOuT￿l eotri&£ And identsfying any si￿16¢Ant tTansatht)ns that were Unusu￿ or outside thc normal course of bus1D￿. We assessed judgallents n￿de in moking acc(Hmling esiitnat&s 8ffi Tis¢ tsj a le ind￿tIon of managcmeot bia& At l])e c¢)mplction swge of tho audi¢ thc engagclne Th¢rc are illbcrrth limitstions in ts audit ￿L￿edureS dwli ￿ Al¥Jve and tho further removed non- tho Ic55 liknly we would Ix£rn¢ aware of IL AJ4 th¢ risk of nLrt deiectitig a nmtcrial mi55ttsent due lo YY.Il•l fra[￿ 15 hisher thllu thc ri%k of ftot dotecting one TESoltitss from Eror. as fraud involve doliknt¢ A IlutI￿ description of our zEspombTlitie5 15 available ua the Financial Rcportiug Cowicifs website The fllwici3J knertts of the ¢knity for the ytsr eDdul 31 March 2￿23 uoaditcd ￿ the clwity took advaDLigY of rcl¢vant exempti(ms fr￿ll audiL Use ofour r4￿rt This report is mfjd¢ solely to the c￿1￿5 trus ￿ a b(xly. in arcordar￿ Part 4 of the awitt&4 (Accounts and Reports) RcgulatioLs 2008. Ow audit wwk been so that miBht stat¢ to tl fijllest Pennitted try law. we do not or &4sillnc r¢sswibility kn anyone other thon thp charity and 71 Queen Victoria Streri Londoo EC4V 4BE Saffuy LLP is eli￿1)1C lo xt as an ill tums of￿￿)n 1212 of the Compaoies Act 2006

lil" JI Jjil ji ji 4u Ill

THE SKtNNERS' SCHOOL FOUNDATION AS AT 31 hfARCB 2024 2024 Notes Yued gssets Scbtsjl bu￿dingS 1251.123 1291893 271854 11984 1251.123 Currext Debton IS7&731 12 621 451257 651 69.087 1451.878 69.TJ8 Liaknlilies one year (14.0￿} (11.444) 1437.flg 58294 Amounts falling due aftrr (21972) (4752) 3.667.029 1,6D8,Z13 Funds EndowThent Fund 14 259.TJ8 15.732 (69280) 2240.030 12Sl.123 (30J14) 271854 16.491 7.830 RrytriLrtod FurMI . Ftarris Desigtjated fund- Gr4Krnl Undcsignated Fund 1291893 18205 3.667.￿9 ].608273 Apwoved by & TnL5*e on l2 Dec￿nb￿ 2024 and on its trrjwlf by Ciwk"

THE SKINNERS, SCHOOL FOUNDATION ATE}(F.￿ OF CASII FIA)WS .4S AT 31 ￿lARcH 7024 Rcconoliation of ncl moi'vnent in fun(Ls lo nct casb IloTh from Ncl moi cmcnl in funds tkprtciaLion charge L055 on thsposal of ini'c51nicnts I Incrcasclldccrcl￿ in dc￿015 (DeCreaself￿crease ￿ creditors 1058.756 41.770 13.875 (58.55(1) 41.770 19Ji4 (28) 2.116.987 135.11)3) Ncl ci$h(u.4ed i#)Iprnii(kd b} opcrnlin2 actii'ities ? 116.987 3,6U.S Cash flo￿ s from In).￿ti￿R Iclii'ili sposal of Inl'cslm￿ts from finnncing s£tiiiiic4 Rep￿..￿CTrI of loan C￿elP1 of ncii. loan ?71.963 (f).7111)) {6.7RII) Chankr in cash cash cqvi)'aknts in ihc )"ear 2JSI170 {3:175) Cash and cash cquii"alcnts at thc bcgitlning) of the C2L%h and ci%b equii'alent¥ at the cnd of the CThangc in r￿Sh and r&%h cquii"alcnt5 111 thc icar C)9.(JR7 2.4.512.57 ?J81 17U fiI).IIX7 (3.175) Anlll1..4￿ of £b￿g£S in Iyrt FUD Al l .JulA- AI 30 Junc ?0?4 floiis moi"cmcnts CL%h 69.087 2_382.170 2.451.257 Loans falling duc iiithin l i'car l.oans fallinL• du¢ 4n¢r fflo￿ ihan I 6.78Q (6.78U) 6.780 28.7.52 (6.780) Nct dcbt l (H.(?19 2_775 1(MJ 2.4RIJ.IIIV) Pagc 111

THE SK￿￿RS. SCIIOOL FOUN'DATION, NOTES TOTHE FINANCIAL s'fAI'ENILNTS FOR THE YEAR ENDED31 MARCH 2OJ? AccouDtinR polio I. I BLiis of accountin2 The accounts are prepared under the histoncal cost coni'entioft ￿ modified kn. the rm'alllation of iniE5tm¢nts (including propcth. hcld for ini'cstmcnt purwscs). and ￿ XCOTdJnrx Mith thr sccond cdilion of thc Sialcmcnl of Rccornmcn£kd Praciicc." Accountsns and Rq)ortin& b! Chariiies preparing their occounts ￿ xcordaoec ii'ith thc sccond ediuon of the RcportiThg Standard applicablc in thc UK and Rcpublic of Ircland (FRS 1112) publishcd In (￿l0￿r ?019 and Uic Financial Reporting Siandard appljcablc in thc Llniicd knngdon? and R￿UbliC of Ircl￿d (FRS IU2) and tho Charitics Au 21)1 l Thc x¢rnals basis is folloiicd throughoul. Th¢ ac￿UnLS (finmciJl s￿lements) hm'¢ Iw pr¢pa￿d io gil'¢ a 'iru¢ tsnd fair 'icii' ￿ld h21¢ d¢partcd from ihc C.harilits (.4ccounL% and RcporL%) Rcs¥ul2tsons ?IxTr8 ts111 10 thc cxlrni rcqul￿d lo proiidc a "true and fair lic41" . This dcparturc has inioli.cd folloiiing Accounling lind Rcporting h Chantics prcpanng ihcir accounls in xcordancc iliih ih Fill￿)CIal Rcporiinb Stsndjrd Jpplicublc In the I3K ttnd R<¥ublic of Irc12nd (FRS 102) issutxl on 16 Jul!. 21)14 rnihcr than the Ac£ounling and Rc￿)rting ￿. Ch￿Il•C5. Stalcmcnt of RccommcNlul Prxticc clTcctii'c frDm l Apnl 21M15 iithich has wncc IKcn iiiihdrnim. Thc Chanh. Constilulcs a public benefit entih. as def￿￿ lTh' FRS 101 "lThc f1ft3nc121 sitsitsttcnLs Xc prcparcd iii sicdins. J%hich LS thc functs'onaj curr￿￿. ofthc Charili.. MonduT% amounls in thc5c fmancial slalcmcnts TDundcd io ihc ncorLs1 £ GoinR conccrn Ini'cslnicni markcts are thidunns a ￿ftOd of unc£rtuinli' and I￿S￿bIliti. Hoii¢l'cr: ini'(slmciiis arc hcld for thc long tcrrn aod i'aluations are eirtticd to rccoi'er oi'cr thc long tctm. Aftcr rtr.leiiiiis tl)¢ Cliants" s forLw15 and proJLrlion5. thc Tru5¢ has J T￿￿nabl¢ npoation ilial ic Chanl!. has ulcquulc rc50UTfCS lo conlinuc in opcrnlionjl cx151¢ncc for forcsccublc fulurc. Thc Chariti. il'ill hai'e negligiblc elp￿di1￿C going foThi'ard and lliCOmC ￿ future ! ill k us¢d lo bnn.4 ihc fund5 bxk. inlo crrdit oi'cr ihc fcii. Iws. Thv ChaTih' ihclrfo conlmucs lo aloo thc %oing LX)nccrn kn in p￿a￿ng iLs xcounl5. 1.3 Incomc Donjtionq and Ic￿lac1cS arr aLrounicd for as and li hcn cnliilcmcnl arisu. thc amounl can bc rcliabl!. quantified and th¢ c¢onomi¢ kncfit to ihc thants" Is ¢onsidwc¥l prDbJbl Dii'idcnd.s and inlcr¢# on lnirs1m￿ts aro recogwscd li'h￿ th￿. become due and p￿"ab]e. 1.4 Exi>enditure Lxpcndilurc is xcrucd ts smn as a liability. is considcrd probablc. 1.5 A￿deMI. premiMs and dLyrcciation Eipcnditurt of a cjpitsl nalU￿ on school buildings is capiiali5d and is iiTitten doiiTh on a sÈrJishi linc b￿lS OILY 50 !"car5. poliTh' lias adoP￿d for thc fusl imic th thc xcounts for thc to 31 Mtych 211111. In prthious lur5 such cipcnditurc il'as iiTillcn off in thc irar in iihich il il'as incurrc41 1.6 IDI'e*lmenLI Ini"eslmcnts arc slalcd in thc balonce sh(xX valuc. ani. rcalixml or uDrCali￿d surplus or (kficii kn'ns tsk'cn lo thc Sthmenl of FI￿claI Attiiilics. Pagcll

THE SKINNERS, SCHOOL TrOUh'DATION NOI'ES TO THE FINtlNCIAL sfATEhlEiYfs (continuc411 FOR THE YEAR ENDF.D 31 NIARCH ?024 l.7 CTrurvtable llrtiiiti C051s of charilublc xtsi'ities c(xllpnses direct costs attnbutablc lo exh xtii'iti. M'bAcb m￿l￿de grJrtLS madc io third partics and di￿¥￿. attributJbk oi'ryho¥d aDd sUPPOrt ¢osls. inrluding goi cmaTrcc costs. in Nok 4. 1.8 Csh and Ltsh equii"ale#L% C&sli and &ish cquii'alcnts inclu& &ish in han& dcposits at call ilith banks and bank. 01.4Ydrafts. 1.9 Trinancial in5trumcn15 Thc Chmlablc Fiind onl!. has financial assets and financial liabililies of a knnd that qualth. as basic fwancial inslrumcnts. B&si¢ fin2ll¢Tal in51nJmcnts alf inilialh. TCCO4n15cd at tran&iction i'tslue and subscqucnili. mcasurcd al Ihcir scit1¢m￿L i'alu¢ iiith ihc c¥cq)lion of bank. loans iihich arc SUb￿q￿c￿L￿. n￿aSurEd at amortiscd cost using thc ctrlrlii'e intcrc5t mLahod The haril!. has 5clccicd io apph. thc proiisions of SLrtion I I 'lJasic Financi￿ Instnllncnts. and SEclion 12 '0thcr Financial InMnullcnts Issucs. of FRS 102 10 all of its r￿Onc1&1 io8trLuncns. l. In Unrestricted fulld Gener￿ funds arc donaiiorts at)d othcr inconing rCsourC￿ rc￿11.ablc or govad for thc obj¢¢ts of thc charit!. i%ithoul specif￿d purw)s& DeSIg￿ed funds are maintained at a Icl'cl cqunl io thc i%TIll￿ doiim i7luc of School building5 on thc thariti. s balan(x sh I. I I Rcmrided fvnd This is thc Academ!. s 8encrnl pnt fund thc SKinntys Kcni Acadan!. (SKA) fund. Thc Acad¢m!' s commillcd io thc good soi.Crnan￿ of thc in¢ludins th¢ proi'ision of ihc majonl! of thc (ioi crnors. for an iniliJl ￿0d of r£%'th i'car5. and io U￿ng its b¢5t cndcni'ouTS lo bujld up J fund for thc bcnefii of the puplls of the Foundation is assisting Ihc Acadcm!. In fuifillins its ¥Dlc sW)llsor of ihc SKA Tk Chanh, has bL%n a major bencficiaTh' of th¢ csiate of Mr Colin Ilams iiho Icfi S0ty/o of his r¢siduaTr' ¢MaLc for ihc L￿￿rIt of thc Chants. lo IK sprnt on capithl ii"OTk"s ai thc School or Pri•£S. 1.12 End0￿.￿le￿i fund Thc cndoii nicni fund is pcTmJncnl has rcccii'cd bi. of dondions a number of!.car5. Income wisiag from this fund usd for pur￿5¢S. DoTh#ilons lryatles 20*J rknlllior￿- l.ttiiTence .lttirifs C.'knntt' - skimws MDlmoslMm •5.IXM) 12U.(XX> T2￿.._ Mr Colm Hams ?.453.S( ? 45.1.￿) 145.IMI 2024 [)nid￿(L% 14.14. Tnlert iuJ ISY• Tnlm4-Hwns l.'und 48.101 14_119 Puscl?

THE SKIYI N'ERS, SCHOOL FOUNDATIOh' NOTES TO ￿. FJNAN'CIAL STATEIIEwfs (continued) FOR THE IEAR ENDED 31 %IARCII 2UJ? Re%ourc£¥ expended for i'tar rndcd 31 Mareh ?J)?J Charitsblc xliiitics Academ SK4 Tothl Grants for dcpTccialion of ptDpcrts' Gr2nLs to SL'inn¢rs PrimaTr" khool GrJnt5 to Acadcnii. Harr￿ Fund .Sularics. nalional insuranco cl¢ O￿lee accommo￿lon Audii fcc OLhcr profc>siMd fcc 41.7711 41.7711 1.15G 236.1171 117.595 1.156 23&071 55.459 5.94U 7J67 62.136 465 551 654 2.851 450 926 1.254 7Q3 926 1851 45U 12 Goi'crnors mcthin4 £I￿lSes. dc {noic 6) Goi¢rnor5. trninin SiatT trai'cl (nok G) Bank. char￿¢5 Pri￿gI1,1n￿ expcnsos Pnnlinp and other olTice costs 5.7U2 9IH) 12 1.926 1.976 ?oi ?10 Totsl ruourcu C￿nded 351221) 77.1 IQ Comp#niti)"e figuru for raourw espended for I'car Lded 31 Nlllrch 2023 Acadcmi. SKA Tolal Grjnts for d¢p￿CIation of wowts." Grants io Sk"Innm Primm. School Salarics. nalional I￿$uranc￿ cic o(ricc xcommodation llldependcni ENaminalion fr Othcr PTDfcss1on￿ fcc Insurancc Giii crnor5 mcctsng expa￿t ￿C (noLc 6) Goi'crnor5. tra￿l￿g SIJIT trai'el (noic 61 Bank Chargcs Pri*tb¥ii'ing aipcn5CS School ￿)pro% cmcnl proJc¢l Pnnling and othcr officc costs 41.770 41.7711 3.13 119.335 13.77( 1.724 .5.470 1.279 3.136 52.4%5 6.IKA) 1.724 2.R?f) 747 2J6¥ 516 546 13 2.1XMI 7.710 ?.(J44 532 1.476 516 584 l.U32 13 -1.(11)11 .IKbll lJ411 -(190 1.000 537 111.866 198 14 j Gol"ernaDc￿. includoj in aboi'o 2024 Salaricq. nalional inwmc¢. cl Ind¢p￿d￿l Examinalion fcc Pnnling. postaRc and tclcphonc Bank chars¢s orr?¢c accornmodation 11.760 2.(V)2 41 11.93,1 1.724 J3 lJ77 1266 15.171 15.183 Pagc 13

THE SKJNNERS. SCHOOL FOUNDATION NOTES TO THE FIINANCIAL STATEh1ENTa (e4)iitinuedl FOR THE YEAR EIYDED 31 fvIARCH 20A Administratioo Thc amounts for saJaric Natsonal Insuranrt Printi￿ IX15tag< tckphonc and oth(¥ offiL% cxWns￿ includc cffiain cos1s incunrd ￿. Ihc Sk"inncrs Compan!" in ￿MinIs1cnnb Ihc attaw5 ofihc Chwits" und¢r a""Pmillaslcr ATT￿￿[7n¢Trl- Costs for 7 (attplo%CCS iiet¢ recoiered undcr thLS llmmglL￿CnL (20Li:7). Thtst toth]Icd £118.IKI6 (?023. £12{I.683) Thc sharc of 12Th' cO￿S reill)bu￿¢d to the Sktnners" Comp3ni' did nol CXCLXXI £60.IX)11 in wi ofam, onc indii'idual and iothllcd £117.595 (2U23. £119J351 No r¢munLYatson p￿d to thc TnNee. Meetin2 expenses Md trai These figures include the cost oftraitl and fffrthcni for mC￿lD8s of thc Goi'crnins Bod!" or thc Acad¢m!' ￿ iirll ￿ for iisits ofpupils to Sk'imKrs' Ilall MMI ccrLiin collnLried Ai'ith thc annuaI Pn￿ gii'i No ￿l￿b￿ric￿￿1 of cNJcns￿ hu5 ffiadc kn th¢ lli C{xu￿￿on Mith Its 5cTh ice5 thc (ThariLI TraTLsfcr% beth.ecn funds A transfer is from undesign￿ed to dLsignad fund5 of ￿ amouni ¢qual ￿ thc copiial ¢￿￿1￿lUr¢ in oli school bUild￿£s kss the dq)rLriJtion chwEe for the !"ear. This rcnccts thal Ihe funds r¢prcs¢n￿d h. thosc awts are not ￿￿1[abl¢ for dislribulion. Pagc 14

TIIE SklNYERS' SCHOOL FOUN'DATION NOTES TO THF. FINANCIAL STATEMEMS (coniinucd) FOR THE YEAR EIYDED 31 ￿lAR(TrIlo￿? Comparaiii'c fi2ufv• for incomc #nd upcnditure for i'car oidcd 31 Marrh Jl?J 'rotsl -un er*1 Incom¢ from: Donalions and Icgxi 14_S.IIIXI Total income and endoiiilleots 81.0.19 1.54) 3.)9 Expcnditurc on: aiaritablc ￿￿%.It￿S (70.(F)6) (41.770) (86.675 (l98i41) Nci losscs on ini.csth1￿ts (%52) (18J02) (19J54} Nct incomcl(cipendilure) 1111)53 (41.77U) (C).171) (62) (18.iU2} (411.5i6) Transfers bciiiccn fwids Nct mO)'L7ncnts in fun(L$ Ill.9.53 (41.771)) (9.175) (62) (1 $.5(12) (.58.5$61 ljukniiccs briiwlil fon)Itnl oi I 7.252 1 J34.66 17.OD5 16J53 2913 J6 1.666.%21) Bfjlanc￿ carried fnn12rd al 311¥1llrch ?OJ? 1 %2n5 1292.89 7.%30 16.491 271854 1.60%.273 Pagc 15

THE SKINh'ERS' SCIIOOL FouN￿ATIo1￿ NO"I"ES "I'O I"HE F IN.4NCIAL STATEhlEN15 (conlmucd) FOR THF. YFAR ENDED 31 ,MARCH ?OA? A¢ademi- buildin ?0?3 Ai l April 2023 Addition 2.IYA8.499 2.a88.499 Al .1 l Marth 2024 IOXX.4W 2.0¥8.49¢) Dcpreciution At l April 2Q23 Charbic for thc pcricrfl 757 876 41.77(1 41.7711 At 31 March 2024 %37J76 79.5.fJ116 Nec book i'alue Ai I l March 21124 .1$1.123 .292.R93 At i l March 2023 1292.893 l J34.663 PaEc l (¥

THE SIKllihT.RS' SCHOOL FOUNDATION NOTES TO THE FIIIAN'CIAL STATFMF.NTS Iconiinucd) FOR THF. YFAR ENDED 31 IMARCH ?OA? 10 In1.￿lments aAd ullrealssed gains Eodoii'ment Fund 4arkci Vnluc bruug•hi foniard Additions Dlsposals Loss on di5[￿1 Unrcaliscd loss in FX)rtfolio MuTkci Valuc at 31 Imarch 21124 271854 291756 (25Q).TJ8) (13.116) I l %.i112) 272.854 Restrictal Fund mark￿ Value brought foThiTrd Addiiioiis sposals l.oss on disposal ljnrca11￿d loss In portfolio Markci Valu¢ ai 31 March 2U24 12.984 13J3CI 11222)) 12Y84 Total Mark'et Valuc of In)'csiments at 31 Mar(h ?AIA? 281 838 RestrictLyJ fund - Prizc fund: h1ovcmenli in i'cxr Income Capilal 2024 Balancc al 31 March 21123 3.5117 12.984 16.491 Yct n￿1.C￿cnt on Incomc and Eyendiiurc Unr¢alixd loss on ini'esthients f¢x (nok l O) (759) Balancc ￿ 31 March 2(124 3.5117 15.732 Pas¢ 17

THE SKINNERS. SCHOOL Fo￿￿DATIoN NOTES TO THE TrINAIICIAL STATF.h1ENTS {conÉinucd) FOR THE YEAR ENDED 31 ￿lARcH 20J? Comparaiii"c fiRures for Restrid￿ fund: mol.(7nL￿ts in Tear for l'ear cndcd 31 Marcb Incomc Capilal Totsl Balartce at 31 MaTrh 2022 1717 13.¥36 ]6J.53 'cl moi cmcnl on InC0￿C arld EN)rnth'tUT Unreahsol gthn on inir5tmcnls for thc lear (no￿ l O) 790 (¥.52) (852) Bulancc at 31 March 21113 3.507 12.984 16.491 12 Dcbtors 2024 2023 PrcpmTrcnts Accrued income Tot 621 651 621 651 13 LiAbilitic* 2024 2V?J .4udiUlndq)cndenl euMin￿10n fcc Jther LYcditorJ Long Icmi loan iiithin one i'c Toial crdilor5 duc in less than on¢ 7.72(> i.014 6.780 11.444 6.78U 14.IXII) Lons icrm Ik)m duc aftcr morc than onc I'￿￿ 2R.75? The long loan 15 an Intcrcsi fnx loan from Skinncrs Edueatson FoundJtion IRcgislcrcd ChariN. Numbcr I I fM22) repTh'ablc ￿. monihl!- inslalmcnts oicr 14 1.eari and should k fulli. rcpaid bi. ?029. Thls loan lias fLYeii'L￿ for chariiablc purposcs ￿ fund thc CTharit!' s portion or the d¢fincd bcncfit ￿nSIOn fund b￿.OU$. 14 Allocatiofj of n(1 asscts to funds for )'ear ended 31 March 2024 rwpj 1.2Jl.i (JOJ14) 15.73• (69210) I￿￿ I￿1111￿ 15.73? (69JO 40JJ30 Pagc 18

THE SK1￿,NERS. SCHOOL FOUNDATIO NOTES TO THE FI￿ANCIAL >fATEI4IEwfs (contsnucdl FOR TttE YEAR ENDED31 fvIAKCH 2031 Comparaliit fikvyrcs for allocation of nrt auels lo funds for )rar rndcd 31 March 11984 IU)S 3.9)7 -WJ4: rt11Sahlli1S•Ayyrf¥ IU5 7.KllJ 1 S Keialualion resen lii¢lud¢d iiiihin ihe funds in no 14 wc rn'aluMion rcS¢n￿ i%ith thc folloiiing iilucs: 2023 ioicxl Seeunlics: Restricicd Pn/£ fund Endoi%Thcni Fund 19)578 Toial 2VI552 16 Capillll commitmcnL Thcrc iicrc no c4yilal commilmcnts at I I MwEb 2024 (2U23 nonc) 17 RelutL￿ part)" tranurtions During thc Coll￿e of the I'car £16J43 (2023 £21>.7J7) cT¢luding VAT paid io a compam iiholli. h. th¢ WoT5hipful Compani of skin￿ in ro4￿1 of for rcnt und othcr Co5￿ All such rccharscs li LTC madc Oll ao arDI's length baus. Relaied p￿1. lrnn&tLI￿S m rosp¢xl ofsiaff costs are dcLwled Iii IiOl¥ . 18 TITnlion llie SkinncTS- School Foundjtson AS a rcgisiercd chxiii. its IWAJMC is not liublc lo diT￿t ion s li is applicd ￿ i11￿1h. Ghariiablc pur￿￿. Pagc l ¢)